TORONTO, Nov 26 (Reuters) - Canada's main stock index
declined on Wednesday as shares of energy producers dropped with
oil prices ahead of an Organization of the Petroleum Exporting
Countries meeting later this week.

The meeting is significant as it comes after months of
volatility in the price of oil, which has plummeted over
concerns about an imbalance in the commodity's supply and
demand.

Investors hopeful of a big supply cut were dealt a blow as
OPEC leader Saudi Arabia and fellow member the United Arab
Emirates indicated they were unlikely to push for a major change
in oil output at the meeting.

The energy sector, which has lost about a quarter of its
value since the middle of June, remained under pressure.

"People don't quite know what to expect. The consensus is
that OPEC will have a bit of a production cut but not a lot -
not enough to make the price go up," said Ian Nakamoto, director
of research at MacDougall, MacDougall & MacTier.
Continued...